LAW Fees and negligence
Most agreements that contemplate a party acting as an operator to carry out exploration or other mining work financed by several parties permit the operator to charge against the project some of the o…
News
LETTERS B.C. supports mining industry
Your recent article “Where to Explore” (March issue) claimed that British Columbia was among the least supportive of the provinces when it comes to assisting mineral development. Nothing could be fart…
Tax Angles The 1987 Tax Reform a quagmire for investors
Last week, the Minister of Finance, Michael Wilson tabled the government’s long-awaited proposals for tax reform. In general terms, the proposals call for a broadening of the income tax base for both …
Report from Australia Gold at forefront of market boom
Most of the news emerging from the Australian mining industry has been sufficiently promising to keep an overheated stock market on the boil. Gold issues have been at the forefront of speculative inte…
Geodome on TSE
Recently accepted for listing on the tse was Geodome Resources, which has completed a final feasibility study for its Sunbeam mine in Idaho. President Herman Whiton Jr. reports the feasibility study e…
Judge’s death could complicate Lac-Corona suit
The death on June 19 of Mr Justice Bert James MacKinnon, Associate Chief Justice of Ontario, could complicate the already intricate Lac Minerals, International Corona lawsuit. Judge MacKinnon, who die…
Viceroy encouraged by Calif. drilling
Drilling results continue to be encouraging at Viceroy Resource Corp.’s Castle Mountain property in California. Step- out drilling on the west side of the Oro Belle deposit yielded some impressive dri…
Yorbeau high on Astoria bet
Encouraging drill results have been reported this year on the Astoria property near Rouyn, Que., by Yorbeau Resources which, pending completion of a mine feasibility study, is hoping to have the proje…
Balcor assays look promising
Significant assays have been reported from another three holes at Balcor Resources’ Lasthope property southeast of Lynn Lake, Man. The holes included 7.5 ft of 0.83 oz gold per ton, 10.8 ft averaging …
Metal Prices FREE MARKET London Metal Exchange (June 29, 1987)
Spot closing prices in Pound Sterling per tonne Date June 23 June 22 June 19 June 18 June 17 Copper 971-972 959-960 965-966 975-976 975-976 Lead 376-378 …
Power plans big drilling program
Power Expllorations plans to complete approximately 100,000 ft of diamond drilling by year-end. The large program, scheduled to begin in August, will test several properties held by the company in Ont…
J.A.G. confident about gold bet
J.A.G. Mines continues to feel confident about its Malartic gold property in northwestern Quebec, President Pierre Gevry writes in the annual report. A new drilling campaign this year is following up …